Shah D J
Now in USA
Sent: Tuesday, 14 August 2012 5:47 PM
Subject: [cs_companysecretaries] Re: Notices to Karnavati Club Limited by R O C in accounts mismanagement and all!!!!!!!! [4 Attachments]
Subject: [cs_companysecretaries] Re: Notices to Karnavati Club Limited by R O C in accounts mismanagement and all!!!!!!!! [4 Attachments]
Dipakkumar Jayantilal Shah B-302 Vrajbhumi Apartments, Opp Riddhi Towers,
; Jodhpur Gam Road, Satellite, Ahmedabad 380015
; 15th August, 2012
Registrar of Companies Gujarat,
ROC Bhavan,
Opp Rupal Park Society,
Naranpura Char Rasta,
Opp Rupal Park Society,
Naranpura Char Rasta,
Ahmedabad 380014
Dear Sir,
Reg:- Notices issued to Karnavati Club Limited for accounts and long Back several Comp0laints against Ratnamani Engineering Limited ( Now Known as Ratanamani Metals and Tubes Limited) in 1994 July you had been intimated accounts mismanagement , and also on your records proof of wrongs in accounts when Merger Application ( Petition was filed in 1996 ) since then no action is taken !!!! What is the purpose of your organization in supervising Law of the Companies Act 1956 entrusted to your department!!!!! How you behave to a complaint on your record?
Please refer to above I have to state as under.
1. It is on record that you had been intimated about fraud in accounts , dividend payment not from any real profit , illegal payment of dividend , dividend payment out of capital as long as back in July 1994. But no action is taken so far. It is also on your record that by a letter in July 1994 I intimated to you in this respect . But no action is taken so far!!! Not only this but since for last 3 years I had been filing RTI Application , appeal you are not giving reply . But refering the matter to the above named Company and saying what reply is given by company that all cases against the Company filed by me had been dismissed. But you have not taken any care to see your own records , Filing of Accounts for 31.03.1994 and also Official Liquidators Report to Hon. High Court of Gujarat whcih are your records. What prompts your office not to take any action against such apparent accounting fraud best known to you. How ever Accounts File for 31.03.1994 is enclosed. As reports of C A Kaushik Patel , in his report to Hon. High Court , also in accounts for earlier year to 31.101992 ( Diwali Accountning year ) the same tuype of modus operandi of mere book entry profit played and dividend was paid out of capital and also illegal and against provisions of Companies Act 1956. Accounting records for 31.03.1994 is enclosed and also Valuation report , C A Kaushik Patel Report to Hon. High Court and all other records which proves the positive and apparent signs of fraud in accounts is attached.
2. I am unbale to understand your way of working in supervising Provisions of the Coompanies Act, 1956 and behaving against Article 14 of the Sacred Constitution of India for all these years. On what ground and object you have started taking action against Karnavati Cub Limited of Ahmedabad !!!!!!!!!!! You are taking action against one company and remained silent not to take any action against the other Company , Ratnamani Engineering Limited ( Now Ratnamani Metals and Tubes Limited ) !!! Please give reply to thisa question . Of course it is long back. But one can not remained silent when all the rrecords have been come out.
3 In my letter of July 1994 I requested your office to Join with me in civil suit . But nneither replied , nor no action taken by you in this aspect. I had attached the copy of a letter of July 1994 many times in my R T I application and also in Appeal. But what action on my appeal toRTI application is never known to me.!!!
4. Further to this Official Liquidators office had been intimated about all these aspect of accounting practices followed by the Ratnamani Engineering Limited ( Now Ratanamani Metalsand Tubes Limited ). But their office remained silent for ast more than 3 years when it came to my knowledge , when I got certified copies of Official Liquidators Report from the Office of Hon. High Court , when I took inspection of all records of Company petition 17 of 1996. This was never known to me ever......
5. Even it is on record of Hon. Hiogh Court in file Company peptitiojn no 17 of 1996 in Valuation report made by C C Chokshi & Co before O L report to Hon. High Court and also by O L with report of C A Kaushik Patel the said accounting fraud proved on record. Your office and alsoffice of Official Liquidaotrs office had failed to take any action after 1997 to till this date. The reason best to known to you all offices .
6. There is a Gross Negligence of Auditors in reporting for 31.10.1992 , 31.03.1994 and 31.03.1996 U/s 226 and 227 for which you remained silent to take any action!!
What is difference between recorded culprits and in Karnavati Club Limited which investigation is to be done by you!!!!!!Fully.
I hope you would give reply properly explaining the reason and also documents for not taking any action of Ratnamani Engineering Limited ( Now Ratanamani Metals and Tubes Limited and taking , starting action against Karnavati Club Limited . It is also worth noting that even having so many correspondences with your office for all these year , have you ever taken any question from Ratnamani in compare to Karnavati Club LImited which you started now. Please also let me know upon which information , documents you have started dialogue to Karnavati Club Limited as of now. Not any tim earlier to this date?
I hope as a Government Body you will give answer fully . Not throwing a way this application in waste Paper Basket at all.
If you want C A Kaushik Patel Report to Hon. Hiigh Court I will search from my computer and sent to you. In this report all detyails of fraud in accounts by way of passing just mere Book Entry of profit shown as profit in Published accounts and the same Audiotr deleted such profit under Income Tax Tax Audit Report and Income Tax Return as not taxable. Knowing this fact on your office record and you remained silent over this all these years. You have started asking question to Karnavati Club Limited!!!!!!!!!!!!!!!!!!!!!! Now ?
Thanking you,
Yours faithfully,
Shah D J
Now in USA
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